What is a Traditional IRA or Rollover IRA?

A Traditional Individual Retirement Arrangement (IRA) is an investment account geared for investors who want to build a nest egg for retirement. You're allowed to stash away a set amount every year. Plus, interest, dividends, and capital gains in the account aren't taxed until you withdraw the funds. As a bonus, some contributions you make into a Traditional IRA are tax-deductible.

A Rollover IRA is used to hold assets that were previously held in an employer's retirement plan, like a 401(k). There is no limit on the amount you can roll over.

Tip: For specific information about Traditional/Rollover IRAs and tax related questions, please consult a tax advisor and review IRS publication 590.

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